Cryptocurrency leaders and US government officials will meet at the top of Crypto Summit at the White House on March 7, a renowned event that occurs after the executive order of President Donald Trump in order to establish a strategic Bitcoin reserve (BTC) and National Digital Asset Stockpile.
The event – whose program is not yet public – will include outstanding characters from the cryptographic industry, including the president of the executive strategy Michael Saylor, general director of Coinbase Brian Armstrong and AI of the White House, and Crypto Czar David Sacks.
The Trump administration quickly moved to a number of pro-port policies, swearing that the United States as a world leader in the field of digital assets, but some industry observers remain skeptical about the impact of the event on regulatory transparency and the direction of politics.
Confirmed and unconfirmed participants of the White House cryptocurrency summit on March 7. Source: Cointelegraph
Summit Crypto White House: Historical moment or “Noth Burger”?
Since its office, Trump has fulfilled a number of promises that he made in the cryptographic industry on the campaign trail.
During his campaign, Trump undertook to make the US a leader in the cryptocurrency industry, sweating to dominate other nations in Bitcoin mining with “other bitcoins to be produced in the USA !!!”
After the summit is announced, advertising director Marc Beckman he said Fox and Friends:
“This is historical. […] He said he wanted to make the United States the center of the Cryptocurrency Universe to take the initiative in the world and he does it. “
Chain co -founder, Sergey Nazarov, who participates in the event, he said Bloomberg on March 6 that he expects the cryptographic peak to focus on strengthening the leadership in the US in the digital asset industry:
“From what I can tell about the goals of administration and statements of David Sack, […] I think that the general direction is how you will create a level of leadership from the United States in the Web3 economy and how the American financial system, because it passes into the web3 format, fueled blockchain, […] Stay the dominant leading financial system in the global system? “
Saylor strategy he said Fox Business, in which the peak should focus on emphasizing the need for transparency of digital assets, including distinguishing different types, such as digital goods, such as Bitcoin, digital currencies such as Stablecouins, digital securities and “digital tokens – emitters with issuers that provide digital tools that are very interesting and convincing.”
Other observers are less sanguine about the peak. Cardano and co -founder of Iohk Charles Hoskinson, who he said In a video stream, which was not invited to this event, he indicated that although the president signs the laws, the provisions must be adopted by Congress.
Related: Summit Crypto House in the White House of Trump: so far confirmed participants
“Everyone focuses on the White House because it is simple and easy. […] And although we, as the industry, want it to be a short process, it will be a long and methodical process, “said Hoskinson in a video stream.
He argued that the cryptographic industry should focus its efforts on cooperation with Congress in order to achieve lasting regulatory changes.
Hoskinson also criticized the character of the peak exclusively at the invitation, saying that there must be other structures, with which the industry can press on adoption, and that all the necessary specialist knowledge cannot be acquired “if it is 25 people, the event only invited in the White House. It’s just not possible. “
George Mandrik, an early Adopter of Bitcoin, who was on the first pages of newspapers for Baklav for Bitcoins, was more compact in his predictions:
Source: George Mandrik
Some critics went further, suggesting that the peak is profit -based Trump’s movement and his colleagues.
World Liberty Financial (WLFI), a decentralized financial platform associated with the members of the Trump family and run by members of cryptography worth $ 20 million before the event.
Blockchain Analysis Conta Mind claimed That the peak is another pattern of pumps and pride with WLFI, which released Trump tokens before its inauguration, whose prices have fallen.
The crypt peak is followed by a Bitcoin reserve order
The cryptographic peak in the White House takes place after Trump’s executive order in order to establish a strategic bitcoin reserve and digital actions, the Movement of Economic Policy, supported by Bitcoin maximalists, such as Saylor and Pro-CrryPto polycimaker.
Politics also gained adhesion at state level, and legislation related to Bitcoin or cryptographic reserve in anticipation of 19 different state legislative, According to for Bitcoin reserve monitor.
Trump’s order transfer Bitcoin “belonging to the Treasury Department, which was lost as part of criminal or civil forfeiture” on a strategic financial reserve. Other agencies will then determine whether it is legal to transfer such forfeiture to the Bitcoin reserve.
The order authorizes the secretaries of the treasury and trade to make additional purchases of bitcoins, but only if it can be done using a neutral budget, means that “they do not impose additional costs on American taxpayers.”
Saylor wrote At X he had “several neutral budget strategies”, which the government could exploit to boost its bitcoin shares.
David Zell, co -chairman of the Bitcoin Policy Institute, he said The president could exploit the exchange stabilization fund – the Tax Fund traditionally used for currency transactions – to buy bitcoins.
“The fund has a net position ~[$39 billion]So a significant takeover could start immediately, “he wrote.
Warehouse: Referring Sec at cryptography leaves key questions unanswered
